Author name: Muhammad Usman Altaf

The recent wheat crisis in Pakistan stems from two main factors: the Punjab government’s abrupt exit from the market, allowing private sector exploitation, and extended import permissions overlapping with the domestic harvest period. The Punjab government’s decision to withdraw was sound in principle but poorly executed. Economists recommended a gradual phase-out over 3 to 5 […]

ISLAMABAD – Oil and Gas Development Company Limited (OGDCL), Pakistan’s largest exploration and production company, has started production from the Chanda-7 well in Kohat, Khyber Pakhtunkhwa, and revitalized the Kunnar-8 well in Hyderabad, Sindh, to boost oil and gas output. Chanda-7, a new development well, is now producing 305 barrels of oil per day, 2.5

The Pakistani government supports the allocation of gas from the Mari Gas Field to the fertilizer industry to prevent increases in urea prices and supply disruptions. A committee led by the Petroleum Minister is evaluating a proposal for system-wide weighted average cost of gas (WACOG) to ensure stable pricing. The local fertilizer sector, which produces

The recent agreement between the Pakistani government and fertiliser manufacturers signifies a significant step towards stabilising the country’s agricultural sector. By ensuring a consistent and affordable supply of gas from the Mari Gas Field to fertiliser plants, the government aims to regulate urea prices effectively. This move comes in response to unilateral price hikes by

Urea sales in Karachi plummeted to a three-year low, dropping by 49% month-on-month to 328,000 tonnes in April and 33% year-on-year. Sherman Research reported that DAP sales also decreased by 12% to 92,000 tonnes month-on-month but saw an 82% increase year-on-year. The decline in fertiliser sales is attributed to the delayed wheat harvesting season and

The reduction of natural gas flows by 350 million cubic feet per day since mid-March has raised concerns among Pakistan’s exploration and production (E&P) companies. They fear that this reduction could lead to the sinking of oil and gas wells and depletion of gas reserves due to decreased pressure. The Petroleum Division has instructed officials

Minister Shaza Fatima Khawaja underscores the pivotal role of agritech in safeguarding Pakistan’s food security. She applauds Syngenta Pakistan for launching the “Cropwise Grower” app, marking a significant step towards digital empowerment in agriculture. This mobile application offers a suite of features designed to assist farmers in enhancing their productivity and efficiency. Among its functionalities,

Summary: More at: Two SNGPL-based urea fertiliser plants: MoI&P proposes extension in subsidised gas supply – Business Recorder (brecorder.com)

Following are the key takeaways: More at : Fertiliser companies must not be allowed to take undue profit, says Rana Tanveer (nation.com.pk)

Summary of Fauji Fertilizer Company’s Q1 2024 Financial Results Fauji Fertilizer Company Limited (FFC) announced its financial results for Q1 2024, with Sona Urea production at 654 thousand tonnes and sales at 661 thousand tonnes. Sales revenue increased to Rs 58.4 billion, attributed to higher sales volume and increased selling prices due to escalated gas